New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty.

“The Special Committee has not concluded that the Consortium’s most recent revised proposal constitutes a superior proposal or is reasonably expected to lead to a superior proposal (as defined in the Company’s merger agreement with Rithm Capital Corp.),” the company said in a statement. 

The consortium, which includes investors Boaz Weinstein, Bill Ackman, Marc Lasry and Jeff Yass, priced Sculptor at $12.76 per Class A share, an details ⇒

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